| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar has been edging higher against the Canadian Dollar in an ascending channel pattern since the end of October. The currency pair has appreciated about 5.09% in value during this period.
As for the near future, the NZD/CAD exchange rate will most likely continue to maintain the ascending channel pattern. Bullish traders could target the upper boundary of the channel pattern at 0.8798 during next week's trading sessions.
However, the 50– hour simple moving average could pressure the currency exchange rate lower within the following trading sessions.